Mortgage approvals rose for house purchase rose the first time in four months, suggesting that the recent fall in mortgage lending has bottomed out. That said, with the economic backdrop set to be subdued, lending is set to recover at only a modest pace.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services